Revolutionizing Hydrogen Production: EVOLOH Secures $20 Million in Funding to Improve Efficient and Low-Cost Electrolyzer Stacks

EVOLOH, a Cleantech Startup, Secures $20 Million in Funding for Affordable Clean Hydrogen Technology.

EVOLOH, a California-based cleantech startup, has secured $20 million in funding to further develop its solution for efficient and low-cost clean hydrogen production. Founded in 2020, EVOLOH specializes in manufacturing high-performance electrolyzer stacks for hydrogen production. Their platform, Nautilus, utilizes liquid alkaline technology to minimize costs and technical risks by using common materials like steel, plastic, and aluminum instead of precious or rare earth materials.

With the new capital raised, EVOLOH plans to expand its manufacturing capabilities and enhance the capabilities of its Nautilus solution. The company’s founder and CEO, Dr. Jimmy Rojas, expressed his excitement about the funding, stating that it positions the company as a leader in the electrolyzer manufacturing market. He highlighted the goal of transforming electrolyzer stacks into affordable and efficient hardware commodities using 100% local supply chains.

The funding round was led by Engine Ventures, with additional investment from NextEra Energy Resources and 3M Ventures. Katie Rae, CEO and Managing Partner at Engine Ventures praised EVOLOH for their opportunity to commercialize better and more affordable electrolyzers while introducing a faster and more sustainable manufacturing platform. She noted the impressive founding team and early partnership activities of EVOLOH as a valuable addition to the Engine Ventures portfolio of cleantech and advanced manufacturing companies.

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